Table 4.1
-Refer to Table 4.1. A change in the price of hamburgers caused the change in quantity demanded shown in the table. The price elasticity of demand for hamburgers (calculated using the initial value formula) is
A) 0.25.
B) 0.50.
C) 1.
D) 1.75.

Question

Table 4.1
-Refer to Table 4.1. A change in the price of hamburgers caused the change in quantity demanded shown in the table. The price elasticity of demand for hamburgers (calculated using the initial value formula) is
A) 0.25. 
B) 0.50. 
C) 1. 
D) 1.75.

Quizplus · Accepted Answer

The Answer of  Table 4.1
-Refer to Table 4.1. A change in the price of hamburgers caused the change in quantity demanded shown in the table. The price elasticity of demand for hamburgers (calculated using the initial value formula) is
A) 0.25. 
B) 0.50. 
C) 1. 
D) 1.75.

Table 4.1 -Refer to Table 4.1. a Change in the Price of Price